$850,000
SOLD JAN 17, 2025
-- Bed
3 Baths
3,632 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$234 Per Sq Ft

13% Below List Price

23 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Wood Flooring
  • Nearby Water Access
  • Property is near public transit
  • 4-minute walk to Eastern Promenade Park

About This Home

As of January 2025

This charming 3 unit property has been a well loved property for many years by both the owner and its long term tenants. Located at the top of Munjoy Hill, you can stroll alongside the ocean on the Eastern Promenade, to several fabulous restaurants and to Portland's famous Old Port area! View the magical sight of the cruise ships traveling through the bay, of local boats and touring vessels as well as the expansive view of the many islands beyond! Great opportunity to owner occupy, to invest as a current 3 unit, to revert to a two unit....or to convert into a single family! With a full driveway on each side of the building, you will never have to park on the street!
Solid house with beautiful architectural features makes this property a must see!

Last Agent to Sell the Property

Jane Harmon

Cottage & Co Real Estate Listed on: 11/13/2024

Last Buyer's Agent

Steve Morrison

Morrison Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,448

Year Built

  • Built in 1850

Lot Details

  • 4,792 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,632 Sq Ft Home
  • Multi-Level Property
  • Water Views
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Unfinished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Patio

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number PTLD-000003-O000010-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $17,068
  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,448

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: Fore St toward Eastern Promenade, left on Munjoy. House is on the right.
  • Above Grade Finished Sq Ft: 3632.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3632.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 58800.0
  • Income Expenses Operating Expenses: 17068.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Recreational Water:Nearby: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Walk-Out Access, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Near Public Beach, Near Shopping, Near Town, Neighborhood, Near Railroad
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: PTLD-000003-O000010-000001
  • Zoning: R-6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 58800.0
  • Annual Operating Expense: 17068.0

Tax Info

  • Tax Annual Amount: 12448.0
  • Tax Book Number: 04209
  • Tax Lot: 11
  • Tax Map Number: 3
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Lindsay Axel
Bought by
Lindsay Scott A and Morgan Karen
Current Estimated Value
$871,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$698,227
Interest Rate
6.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$165,887

Purchase Details

Listed on
Nov 13, 2024
Closed on
Jan 17, 2025
Sold by
Lindsay Axel
Bought by
Lindsay Scott A and Morgan Karen
Seller's Agent
Jane Harmon
Cottage & Co Real Estate
Buyer's Agent
Steve Morrison
Morrison Real Estate
List Price
$975,000
Sold Price
$850,000
Premium/Discount to List
-$125,000
-12.82%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.78%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Deed -- None Available
Deed -- None Available
Warranty Deed $850,000 None Available
Warranty Deed $850,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Adjustable Rate Mortgage/ARM
Previous Owner $156,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $850,000 -12.8% $234 / Sq Ft
12/07/2024 12/07/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $975,000 -- $268 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,448 $829,300 $269,100 $560,200
2023 $11,950 $829,300 $269,100 $560,200
2022 $11,287 $829,300 $269,100 $560,200
2021 $10,773 $829,300 $269,100 $560,200
2020 $93 $381,700 $159,600 $222,100
2019 $8,897 $381,700 $159,600 $222,100
2018 $8,581 $381,700 $159,600 $222,100
2017 $8,264 $381,700 $159,600 $222,100
2016 $8,058 $381,700 $159,600 $222,100
2015 $7,874 $381,700 $159,600 $222,100
2014 $7,634 $381,700 $159,600 $222,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1609152

Maine Listings

APN: PTLD-000003-000000-O010001